Bayswater is a small neighborhood in the Westminster area. It is located between the Paddington and Nothing Hill area. It is one of the most cosmopolitan areas of the English capital. Greeks, Russians, Brazilians, French, Americans, Arabs, are among the many communities who have chosen this neighborhood. In Bayswater there are all types of housing, old hotels, residential apartments and studio apartments at lower prices. In addition, plenty of squares and gardens are located nearby and offers places to relax in the very center of London.
Since 2011, the property prices have risen by 29% in the United Kingdom and particularly in London, where prices reached a high record . According to UBS, the Swiss banking industry heavyweight, the risk of a housing bubble is high.
Therefore, in order to stop the price boom, the British government proposed solutions in its real-estate white paper of February 2017.
Besides, because of Brexit, the country may have a lower growth compared to the past years, with a loss of purchasing power for UK residents and a potential inflation rise. This phenomenon may have an impact on housing prices which may increase more slowly in London and which may favour foreign buyers.